**Compete with Robinhood, Interactive Brokers Allows Users to Fund Stablecoin Balance Without a Bank**

Interactive Brokers, the financial giant, is now allowing retail investors in the United States to fund their brokerage accounts using stablecoins such as $USDC and $USDT

With this feature, users can transfer funds directly from their crypto wallets without going through a bank account. However, that's not all; Interactive Brokers also plans to expand access to this feature to more users in the future.

This feature is being rolled out gradually by leveraging Zero Hash infrastructure to enable faster funding processes available 24/7.

Chairman of Interactive Brokers Thomas Peterffy stated that this is part of Interactive Brokers' strategy to remain competitive amid intense competition with platforms like Robinhood and Charles Schwab.

In addition to the funding feature with stablecoins, they have also expanded their cryptocurrency trading services this year, complementing traditional offerings such as stocks, options, and futures.